Fingers of Instability – Developed World Centrally Planned Socialist Economies Continue to Fail

“In the blink of an eye this week, they made the size of the American economy grow by $560 billion.” This is but the latest addition to PHANTOM growth to cover up gross mismanagement of the economy by Washington DC (District of Corruption). A few of the items of NEW growth created out of thin air include double counting of R&D spending which is ALREADY contained in final sales numbers, another is unfunded pension obligations are now called PAID wages. A report of growth is nothing but an apparition (ghost). When socialists can’t get the economy to grow they rely on doublespeak and newspeak for the masses. Look at an illustration of what the new phantom growth has done to the record books courtesy of Lance Roberts (www.streettalklive.com, I highly recommend this newsletter):